Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Ramelius Resources Limited    RMS   AU000000RMS4

RAMELIUS RESOURCES LIMITED

(RMS)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australia shares climb as strong GDP growth cements recovery hopes

03/03/2021 | 01:14am EDT

* Q4 GDP growth 3.1% vs 2.5% rise forecast

* Mining, gold stocks climb over 3% each

* Tech stocks track losses in U.S. peers

March 3 (Reuters) - Australian shares climbed on Wednesday after a much faster-than-expected economic growth in the final quarter of 2020 cemented hopes of a stronger recovery this year.

The S&P/ASX 200 index closed 0.8% higher at 6,818, after data showed the economy accelerated 3.1% in the December quarter, higher than forecasts for a 2.5% rise.

A very low community transmission of COVID-19, coupled with massive and timely fiscal and monetary stimulus, has led to a strong rebound in the economy.

"The big picture is that while the initial recovery through the first half of 2021 may still be subject to air-pockets and jobs vulnerabilities linger... Australia is unambiguously on a surer path to sustained recovery," Mizuho analysts said in a note.

Reflation boost to commodities adds to tailwinds for the country's growth prospects, they added.

Mining and gold stocks rebounded sharply, both gaining more than 3% on the back of an uptick in bullion, iron ore and copper prices.

Heavyweights BHP Group and Rio Tinto climbed 3.5% and 2.4%, respectively, while Ramelius Resources jumped nearly 14% to lead gains on the benchmark.

Rio said its chairman and a board director would step down, bowing to investor pressure over the destruction of two ancient Aboriginal rock shelters for an iron ore mine last year in Western Australia.

Financials ticked up 1.2%, hitting their highest in nearly a year, with the "Big Four" banks settling 1% to 2.5% higher.

Tech stocks fell 2.4%, tracking losses in U.S. peers overnight. Afterpay shed more than 2%, while software firm Xero Ltd declined 3.3%.

New Zealand's benchmark S&P/NZX 50 index gained 0.1% to 12,359.26.

(Reporting by Shruti Sonal in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 1.29% 120.01 End-of-day quote.1.70%
BHP GROUP 2.57% 47.06 End-of-day quote.10.91%
RAMELIUS RESOURCES LIMITED 0.61% 1.64 End-of-day quote.-2.67%
S&P/ASX 200 -0.05% 6995.2 Real-time Quote.6.20%
XERO LIMITED 0.78% 136.83 End-of-day quote.-6.80%
All news about RAMELIUS RESOURCES LIMITED
04/06RAMELIUS RESOURCES  : Produces 66,029 Ounces of Gold in January-March Quarter
MT
03/03Australia shares climb as strong GDP growth cements recovery hopes
RE
02/22RAMELIUS RESOURCES'  : Net Profit Jumps on Higher Gold Grades, Soaring Prices; S..
MT
02/04Australian shares end lower as healthcare, gold miners weigh; Origin Energy d..
RE
01/28RAMELIUS RESOURCES  : Beats Guidance for Gold Production in December Quarter; Sh..
MT
01/22VICTORY MINES  : Placement to raise $2,000,000 to fund exploration
AQ
01/15VICTORY MINES  : Completion of acquisition of remaining 90% interest in the coog..
AQ
01/04RAMELIUS RESOURCES  : Up 4% After Exceeding Fiscal Q2 Gold Production Guidance
MT
01/04Australia shares track Wall Street lower as virus clusters expand
RE
2020Ramelius Resources Names New Non-Executive Chair
MT
More news
Financials
Sales 2021 659 M 502 M 502 M
Net income 2021 141 M 108 M 108 M
Net cash 2021 244 M 186 M 186 M
P/E ratio 2021 10,3x
Yield 2021 1,99%
Capitalization 1 392 M 1 061 M 1 061 M
EV / Sales 2021 1,74x
EV / Sales 2022 1,44x
Nbr of Employees 225
Free-Float 96,5%
Chart RAMELIUS RESOURCES LIMITED
Duration : Period :
Ramelius Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends RAMELIUS RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 2,18 AUD
Last Close Price 1,71 AUD
Spread / Highest target 64,9%
Spread / Average Target 27,4%
Spread / Lowest Target -12,3%
EPS Revisions
Managers and Directors
NameTitle
Mark William Zeptner CEO, Managing Director & Director
Timothy Peter Manners Chief Financial Officer
Robert Scott Vassie Non-Executive Chairman
Duncan James Coutts Chief Operating Officer
David Clifford Southam Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
RAMELIUS RESOURCES LIMITED-2.67%1 061
FRANCO-NEVADA CORPORATION6.06%25 748
GOLD FIELDS LIMITED4.91%8 776
EVOLUTION MINING LIMITED-10.42%5 966
PT ANEKA TAMBANG TBK27.65%4 065
CHIFENG JILONG GOLD MINING CO.,LTD.-13.12%4 027